1)
Which of the following is NOT subject to the recapture provisions of Section1245?
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B) Dairy herd
C) Apartment building placed in service in 1986, depreciated under the accelerated cost recovery method
D) Office building placed in service in 1986, depreciated under the accelerated cost recovery method
2)
Which of the following itemized deductions cannot be used in calculatingthe alternative minimum taxable income?
A) Mortgage interest on principal residence. The loan was obtained at the time of the home purchase.
B) Charitable contributions.
D) State income taxes.
C) Personal casualty loss (exceeding $500 and 10% of AGI).
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1) Which of the following is NOT subject to the recapture provisions of Section1245? was first posted on October 8, 2020 at 10:41 pm.
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